Word: armours
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Smaller than the other three of the "Big Four" (Swift, Armour, Wilson), Cudahy suffered more because most of its slaughtering houses were in the drought area and it lacks its bigger rivals' range of by-products to tide it over. In the last fiscal year ending October 1936, Cudahy made $1,815,000 or $2.65 per common share. So far this year it has paid $1.87½ per common share. In passing last week's dividend, President Edward A. Cudahy Jr. explained: "Smaller volume of raw material, together with substantial increases in wages, various additional forms of taxes...
...organization, Armour's abattoir, the Rockefeller Institute for Medical Research and the Clinic may be compared. But it is illogical and stupid to infer that cutting off a hoof in process of butchering is comparable to surgical amputation. And it is altogether incorrect to imply that a specialist has so limited a field as does a meat packer and finds his work no more stimulating and broadening than grading beef. After all, the Clinic has dealt with human beings. Did you say nearly 1,000,000 of them...
...able to obtain. All this is very good. But when one thinks that the doctors, all their life, do only one thing, more or less circumscribed -the anesthetizers, for example, who only administer ether, and so on-one thinks again (such is the insidious association of ideas) of the Armour & Company butchers in Chicago, of those expert amputators of horns, hoofs, and ears, good fellows all, but who, outside of their little specialty, can do nothing else...
Associated Press reported that Midamerica might be sold "within 48 hours." But days passed without any announcement of a sale. Cleveland newspapers placed Boston's crusty old Frederick Henry Prince, chairman of Armour & Co. and onetime president of the Van Sweringens' Pere Marquette Ry., at the head of a propositioning group which had withdrawn from the race. Other "overnight selections": a Manhattan syndicate represented by Brokers Young, Kolbe & Co.; a General Motors-Du Pont combine...
...forced farmers to slaughter a vast number of animals they could not feed. Although Cudahy Packing increased its profits from $1,211,000 in 1935 to $1,815,000, President Edward A. Cudahy Jr. wrote his stockholders that results "did not come up to our expectations." Stock holders in Armour & Co., however, received more than they had learned to expect in the past-a dividend, the first since 1926. Armour's earnings were up from $9,349,000 in fiscal 1935 to $10,239,000 in fiscal 1936. On sales of $82,000,000, up 12%, John Morrell...